TRANSPORT AIRPLANE RISK ASSESSMENT METHODOLOGY.

SEC. 130. TRANSPORT AIRPLANE RISK ASSESSMENT METHODOLOGY. (a) Deadlines.— (1) Agreement.—Not later than 15 days after the date of enactment of this title, the Administrator shall enter into an agreement with the National Academies of Sciences to develop a report regarding the methodology and effectiveness of the Transport Airplane Risk Assessment Methodology (TARAM) process used by the FAA. (2) Report.—Not later than 180 days after the date of enactment of this title, the National Academies of Sciences shall deliver such report to the congressional committees of jurisdiction. (b) Elements.—The report under subsection (a) shall include the following elements: (1) An assessment of the TARAM analysis process. (2) An assessment of the effectiveness of the TARAM for the purposes of improving aviation safety. (3) Recommendations to improve the methodology and effectiveness of the TARAM as an element of aviation safety. (c) Required Notice.—The Administrator shall provide notice to the congressional committees of jurisdiction on the findings and recommendations of a TARAM conducted following a transport airplane accident— (1) in which a loss of life occurred; and (2) for which the Administrator determines that the issuance of an airworthiness directive will likely be necessary to correct an unsafe condition associated with the design of the relevant aircraft type.